Slowish Slowish
  • 30-04-2024
  • Mathematics
Answered

Question 9 of 25
An increase in which of the following will decrease the monthly payment?
A. Trade-in value
B. Interest rate
C. Principal
OD. None of the above



Answer :

noeckahenry noeckahenry
  • 30-04-2024

Answer:

A.

Step-by-step explanation:

A. Trade-in value. When purchasing a car for example, a higher trade-in value will decrease the total amount that needs to be financed, thus reducing the monthly payment.

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